Ericsson, T-Mobile ink $3.5 bn deal to facilitate 5G deployment

As part of the agreement, Ericsson would provide T-Mobile with the latest 5G New Radio (NR) hardware and software compliant with the “Third Generation Partnership Project” (3GPP) standards.

“We have recently decided to increase our investments in the US to be closer to our leading customers and better support them with their accelerated 5G deployments and we are excited about our partnership with T-Mobile,” said Niklas Heuveldop, President and Head of Ericsson in North America.

Deployment of 5G networks would make way for the advancements and developments to come to Long-Term Evolution (LTE) — which is a standard for high-speed wireless communication for mobile devices and data terminals.